1 00:00:00,120 --> 00:00:03,600 Speaker 1: Nearly a quarter of US households live paycheck to paycheck 2 00:00:03,680 --> 00:00:07,200 Speaker 1: twenty five five percent. Now this is a growing share 3 00:00:07,240 --> 00:00:11,800 Speaker 1: of lower income Americans. They're definitely struggling to get by financially. 4 00:00:12,240 --> 00:00:15,680 Speaker 1: Wages are stagnant, inflation on the rise. 5 00:00:17,360 --> 00:00:22,439 Speaker 2: That is a recipe for disaster wages. Stagnant prices on 6 00:00:22,480 --> 00:00:24,880 Speaker 2: the rise. Yeah, and so what that means is literally 7 00:00:25,000 --> 00:00:29,000 Speaker 2: every day you are worth less than you were the 8 00:00:29,080 --> 00:00:34,080 Speaker 2: day before. And you know what's fascinating is we're reaching 9 00:00:34,080 --> 00:00:36,920 Speaker 2: a point and nobody's really talking about this yet. But 10 00:00:37,000 --> 00:00:39,520 Speaker 2: even what I call the secondary job market is getting 11 00:00:39,600 --> 00:00:42,120 Speaker 2: kind of tight out there. Like every so often I 12 00:00:42,200 --> 00:00:45,800 Speaker 2: just peruse the secondary job market like kind of what 13 00:00:45,840 --> 00:00:48,320 Speaker 2: I call part time, So I mean, for some people 14 00:00:48,320 --> 00:00:49,960 Speaker 2: their full time jobs, but for a lot of people 15 00:00:49,960 --> 00:00:51,839 Speaker 2: they would be like a secondary like I work at 16 00:00:51,840 --> 00:00:56,240 Speaker 2: a hardware store or you know, Walmart or whatever. And 17 00:00:56,960 --> 00:01:00,480 Speaker 2: even the secondary job market out there tight, which would 18 00:01:00,760 --> 00:01:02,040 Speaker 2: a lot of times you can always be like, well, 19 00:01:02,040 --> 00:01:03,800 Speaker 2: worst case scenario, go get a second job. Like for 20 00:01:03,800 --> 00:01:06,480 Speaker 2: two years I worked golf course with bartender, ran the 21 00:01:06,520 --> 00:01:09,240 Speaker 2: pro shop, something to do in the evenings and weekends 22 00:01:09,240 --> 00:01:12,440 Speaker 2: before my daughter was born, and like that was a 23 00:01:12,480 --> 00:01:14,600 Speaker 2: fun I love golf. It was a fun I liked 24 00:01:14,640 --> 00:01:16,520 Speaker 2: the job, like the people made decent money, a fun 25 00:01:16,560 --> 00:01:19,399 Speaker 2: secondary job. But I looked at other jobs as well, 26 00:01:19,440 --> 00:01:21,080 Speaker 2: and a lot of those jobs aren't out there right now. 27 00:01:21,120 --> 00:01:22,720 Speaker 2: And the other thing is they aren't paying what they 28 00:01:22,720 --> 00:01:24,959 Speaker 2: were paying a couple of years ago. So it's very interesting, 29 00:01:24,959 --> 00:01:28,000 Speaker 2: which means more people are desiring those jobs. 30 00:01:28,120 --> 00:01:31,839 Speaker 1: Inflation rose to three percent in twenty twenty five this year, 31 00:01:32,120 --> 00:01:36,360 Speaker 1: and it dipped a little but back on its way up. 32 00:01:36,840 --> 00:01:40,440 Speaker 1: So the gap is just winding right. And you had 33 00:01:40,720 --> 00:01:45,360 Speaker 1: a lot of wage growth during the pandemic for low 34 00:01:45,400 --> 00:01:48,680 Speaker 1: wage workers, and that's now leveling. All. Yeah. 35 00:01:48,760 --> 00:01:53,640 Speaker 2: You know what's fascinating is during the pandemic I actually 36 00:01:53,800 --> 00:01:58,680 Speaker 2: went and interviewed for now. Ultimately I decided I just 37 00:01:58,760 --> 00:02:06,760 Speaker 2: couldn't make it work. But a major package provider in 38 00:02:06,840 --> 00:02:10,200 Speaker 2: this country and in a warehouse, because like I don't 39 00:02:10,200 --> 00:02:11,799 Speaker 2: I don't want a job where I like have any 40 00:02:11,840 --> 00:02:15,920 Speaker 2: real responsibility just might be kind of fun. Because it 41 00:02:16,000 --> 00:02:18,239 Speaker 2: was like, is radio even going to survive the pandemic? 42 00:02:18,280 --> 00:02:19,440 Speaker 2: All that is like, well, it'll be good to have 43 00:02:19,480 --> 00:02:20,359 Speaker 2: something you know'll fall down. 44 00:02:20,600 --> 00:02:23,200 Speaker 1: Radio did pretty well well. Be were at home listening. 45 00:02:23,280 --> 00:02:25,720 Speaker 2: Well yeah, but it was like financially it was so 46 00:02:26,080 --> 00:02:28,239 Speaker 2: because of advertising everything. I thought, well, we have something 47 00:02:28,240 --> 00:02:32,880 Speaker 2: good to fall back on. This injury level like warehouse 48 00:02:33,000 --> 00:02:36,120 Speaker 2: job was paying twenty four dollars an hour. They could 49 00:02:36,120 --> 00:02:38,440 Speaker 2: not get people in there. And that same job, now 50 00:02:38,440 --> 00:02:41,320 Speaker 2: I notice pays like eighteen dollars as an entry level possession. 51 00:02:41,560 --> 00:02:44,799 Speaker 1: Right. Well, that's because everybody had to order everything right 52 00:02:44,840 --> 00:02:46,360 Speaker 1: to be delivered, right yeah. It was like now they 53 00:02:46,400 --> 00:02:46,960 Speaker 1: can leave and. 54 00:02:47,080 --> 00:02:47,880 Speaker 2: I should get in on that. 55 00:02:48,400 --> 00:02:50,600 Speaker 1: You kind of wonder though, like you know the third 56 00:02:50,680 --> 00:02:53,280 Speaker 1: spaces that seem to be disappearing. 57 00:02:53,360 --> 00:02:55,120 Speaker 2: Yeah, well, and so my point in all that is 58 00:02:55,600 --> 00:02:57,960 Speaker 2: if you are getting stretched to even find a second 59 00:02:58,040 --> 00:02:59,920 Speaker 2: job to elevate yourself from what you're not getting with 60 00:02:59,919 --> 00:03:02,160 Speaker 2: your first, I mean, that's like your recipe is a 61 00:03:02,200 --> 00:03:04,480 Speaker 2: disaster because not only as your buying power being diluted, 62 00:03:04,680 --> 00:03:07,919 Speaker 2: unless your financial position being diluted. But you can't you're 63 00:03:07,960 --> 00:03:12,919 Speaker 2: going to struggle now to even find a secondary position 64 00:03:13,080 --> 00:03:14,480 Speaker 2: to be able to elevate that pay. 65 00:03:14,600 --> 00:03:16,840 Speaker 1: I've seen a lot of people that are highly qualified 66 00:03:16,880 --> 00:03:20,600 Speaker 1: for it posting how they got turned down of a 67 00:03:20,639 --> 00:03:24,840 Speaker 1: part time job at Target or wherever. You know, like, really, 68 00:03:25,400 --> 00:03:28,880 Speaker 1: I can't even get that job. It's uh discouraging, it's 69 00:03:28,919 --> 00:03:30,160 Speaker 1: it's it is tough. 70 00:03:30,280 --> 00:03:33,400 Speaker 2: I mean, then you feel bad about yourself because you're like, really, 71 00:03:33,440 --> 00:03:35,280 Speaker 2: I'm not qualified to work at Target. 72 00:03:35,760 --> 00:03:39,040 Speaker 1: And then that's where the job hugging comes into play, 73 00:03:39,240 --> 00:03:42,480 Speaker 1: where people would rather be doing something else, but they 74 00:03:42,520 --> 00:03:46,040 Speaker 1: decideh I better stay where I am, yeah, because it's 75 00:03:46,080 --> 00:03:47,040 Speaker 1: pretty tight out there.